Thursday 19 August 2010

Scorched Earth Week: Badger's Last Stand against Brown and Balls

Poor old Alistair 'Badger' Darling,t his may very well be the last post I write about him as his ignominious career passes into history. If I was trying to be reasonable I would say that he had the worst inheritance as Chancellor of any of the previous occupants of No 11 Downing Street; at best he could be said to have done badly, at worst, utterly incompetently.

Still he has been defending himself and his record this week at the Donald Dewar memorial lecture (can anyone get a memorial lecture these days?). I note he has not defended the actions of the Labour Government. Instead his focus was on the decisions to save the banking system in 2008. Now as said earlier this week, this is true. Without bailing out RBS and HBOS we would have been finished. So well done for doing the bleeding obvious when there was no alternative. Less is said about the saving of the fraudsters at Northern Wreck or various other smaller institutions where illusory profits were generated to get payouts for top executives; all of which has cost the taxpayer billions.

On the key point of Scorched Earth though there are some very telling phrases. Commenters' so far this week have said that proof is needed of intent over incompetence, but what of this quote:

''By failing to talk openly about the deficit, and our tough plans to halve it within a four-year period, we vacated the crucial space to make the case for the positive role government can play.''

i.e. by lying about the situation they hoped to win the election. I like this piece from The Scotsman too:

"In the run-up to the final budget before the election, Mr Brown tried to sack Mr Darling and replace him with current leadership candidate Ed Balls after he refused to co-operate with him in setting out a "giveaway" package of measures designed to lure voters back to Labour.
The ex-chancellor later revealed that a frank assessment of the poor state of the UK's economy given in an interview had led to the "forces of hell" being unleashed by Downing Street.
Last month, Lord Mandelson revealed that during the campaign Mr Darling wanted to commit Labour to a VAT rise as part of a tougher set of measures to be put before the electorate in a bid to be more realistic about the deficit. According to the peer, it was vetoed by Mr Brown, who was said to be fearful of the electoral consequences."

I don't see how there is much wiggle room left from the above statements. The Chancellor was recommending VAT increases to deal with the deficit which was spiralling out of control, Brown and Balls were advocating more spending to win an election. By definition Darling knew this would make the situation worse for the UK - to some extent he helped to stop the worst excesses - but this proves that Brown and Balls wished to do anything to keep power. Of course at this point it was more realistic to think of a narrow defeat rather than victory; and of course, a terrible inheritance for the next Government.

6 comments:

idle said...

I think you have won the argument, CU.

Brown and Balls were as surprised as anyone that Cameron didn't win with a majority and had spent the previous year raising spending levels and ramming through indiscriminate spending on the basis that the ratchet effect of socialism still holds: easy to chuck money around, politically dangerous and difficult to reduce it.

Balls may be entirely wrong-headed but he is intelligent. He knew exactly what he was doing then, and the bogusness of hus argument now.

If ever a party needed to talk down the economy, it is Labour in 2010. Osbourne's very modest cuts, against a background of tepid growth, will work. And when it becomes clear that it has worked (within its own very modest terms), Balls will backtrack and obfuscate and, um, lie.

Elby the Beserk said...

Donald Dewar. The man who budgeted £43 millions for the Scottish Assembly building, for it to cost in the end ten times as much.

An early member of the Brownian School of Economics, the central position of which is "All your money is mine. And then some".

Elby the Beserk said...

Balls "intelligent", Idle? Fergedabahtit.

Radio Five Live where Ed Balls, answering a question about waste in the public sector, says:

Go up to Nottingham today, go to Trent Bridge [test match], look at the massive corporate hospitality there, there'll not be many public sector workers there, that's private sector waste... the point I'm making is that there's actually huge amounts of money spent on lavish hospitality in the private sector.

Intelligent? Hmm. I'm not so sure...

CityUnslicker said...

Elby - Dewar your Dewar comment is spot on!

Jose Montañez said...

Hi,

My name is Jose Montañez, Web Marketing Consultant. Ive greatly enjoyed looking through your site and I was wondering if you'd be interested in exchanging links with my website, which has a related subject. I can offer you a HOME PAGE link back from 2 of my related websites which are:

http://work-life-success.net/ PR4
http://uhfdigital.com/ PR4

If you are interested, please send me the following details of your site:

TITLE:
URL:

I'll add your link as soon as possible, in the next 24 hours. As soon as it's ready, I'll send you a confirmation email along with the information (TITLE and URL) regarding my site to be placed at yours.


I hope you have a nice day and thank you for your time.


Kindest regards,



Jose Montañez
jose.e.montanez.i@gmail.com
Web Marketing Consultant



PLEASE NOTE THAT THIS IS NOT A SPAM OR AUTOMATED EMAIL, IT'S ONLY A REQUEST FOR A LINK EXCHANGE. YOUR EMAIL ADDRESS HAS NOT BEEN ADDED TO ANY LISTS, AND YOU WILL NOT BE CONTACTED AGAIN. IF YOU'D LIKE TO MAKE SURE WE DON'T CONTACT YOU AGAIN, PLEASE FILL IN THE FOLLOWING FORM: http://bit.ly/b6VoVo ; PLEASE ACCEPT OUR APOLOGIES FOR CONTACTING YOU.

Budgie said...

Did anyone else hear Balls on R4 PM? He stated that he would not have made the same mistake as 'Gordon' with Mrs Duffy. Oh no, he would have realised that Mrs Duffy was a Labour voter.

You see, a Labour voter saying something is (supposedly) to be listened to, according to Balls, but any other person saying exactly the same thing is a bigot.

There is your explanation: Balls does believe what he is saying - he is just so partisan that he, himself, is the bigot. And, therefore, quite incapable of being entrusted with the running of the whole country, 80% of which is not Labour.